Equity One Inc. (EQY) Given Average Rating of “Hold” by Analysts
Shares of Equity One Inc. (NYSE:EQY) have been assigned an average rating of “Hold” from the nine ratings firms that are covering the firm. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $31.00.
A number of research analysts have commented on EQY shares. Zacks Investment Research raised Equity One from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Wednesday, October 26th. Stifel Nicolaus downgraded Equity One from a “buy” rating to a “hold” rating in a report on Monday, August 15th. Raymond James Financial Inc. raised Equity One from an “underperform” rating to a “market perform” rating in a report on Tuesday. BTIG Research started coverage on Equity One in a report on Thursday, August 25th. They set a “neutral” rating on the stock. Finally, Deutsche Bank AG increased their target price on Equity One from $29.00 to $31.00 and gave the stock a “hold” rating in a report on Wednesday, August 17th.
In other news, President Thomas Caputo sold 366,500 shares of the stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $30.97, for a total transaction of $11,350,505.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 35.90% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Equity One by 3.1% in the second quarter. Vanguard Group Inc. now owns 13,951,663 shares of the real estate investment trust’s stock valued at $448,965,000 after buying an additional 418,223 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Equity One by 25.2% in the second quarter. Principal Financial Group Inc. now owns 7,358,049 shares of the real estate investment trust’s stock valued at $236,782,000 after buying an additional 1,478,695 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Equity One by 5.3% in the third quarter. Bank of New York Mellon Corp now owns 6,443,376 shares of the real estate investment trust’s stock valued at $197,232,000 after buying an additional 324,410 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Equity One by 171.4% in the second quarter. JPMorgan Chase & Co. now owns 4,190,643 shares of the real estate investment trust’s stock valued at $134,856,000 after buying an additional 2,646,838 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in Equity One by 22.0% in the third quarter. BlackRock Fund Advisors now owns 4,009,667 shares of the real estate investment trust’s stock valued at $122,736,000 after buying an additional 722,674 shares in the last quarter. Hedge funds and other institutional investors own 64.92% of the company’s stock.
Shares of Equity One (NYSE:EQY) opened at 29.46 on Monday. The stock has a market capitalization of $4.28 billion, a P/E ratio of 59.76 and a beta of 0.79. Equity One has a 52-week low of $25.02 and a 52-week high of $33.46. The firm’s 50-day moving average price is $29.02 and its 200-day moving average price is $30.30.
Equity One (NYSE:EQY) last released its earnings results on Wednesday, October 26th. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Equity One had a return on equity of 3.81% and a net margin of 18.49%. The company had revenue of $93.76 million for the quarter, compared to the consensus estimate of $93.84 million. During the same quarter last year, the business posted $0.33 EPS. Equity One’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities analysts forecast that Equity One will post $1.40 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Wednesday, December 14th. Equity One’s payout ratio is 179.59%.
About Equity One
Equity One, Inc is a real estate investment trust (REIT). The Company owns, manages, acquires, develops and redevelops shopping centers and retail properties located in supply constrained suburban and urban communities. The Company’s property portfolio includes 90-30 Metropolitan, 1175 Third Avenue, Aventura Square, Circle Center West, Culver Center, Bird Ludlum, Greenwood, Pavilion, Sheridan Plaza, Shoppes of Silverlakes, Westport Plaza, Alafaya Village, Ryanwood, Town & Country, Plaza Escuela, Potrero, Copps Hill, Southbury Green, Clocktower Plaza, Buckhead Station, Hampton Oaks, Quincy Star Market, Elmwood Oaks, Westwood Towers, Centre Pointe Plaza and Willows Shopping Center.
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